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. >> enterprise law requires a kfc china or walmart china or a wow way to allow for the existence for a communist party committee within the organization. like the other companies, they allow for that existence. the communist party committee doesn't have any interaction with or influence on our business operation. >> both companies continue to insist their equipment is safe and poses no threat to u.s. tell wh telecom structures. joining us is director of global risk analysis for asia pacific. dean, are these concerns the u.s. is raising valid? >> well, i think some of them are. if you looked at the report, there were a number of issues that were raised. ip loss, protection of intellectual property, trading with sanction country including iran, business practices. but really the one underlying all of this explicit or otherwise, implicit, is the security of the actual systems that wow way or zte might be selling in to the united states. and that really comes back to a trust factor and transparency of the organizations themselves. which they've been trying for many years now to improve,
. >> enterprise law requires a kfc china or walmart china or a wow way to allow for the existence for a communist party committee within the organization. like the other companies, they allow for that existence. the communist party committee doesn't have any interaction with or influence on our business operation. >> both companies continue to insist their equipment is safe and poses no threat to u.s. tell wh telecom structures. joining us is director of global risk analysis for...
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Oct 1, 2012
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this is again manipulating somehow the laws. now the bank unicredit has actually plea bargained and has paid 265 million euros. the fraud was for 245 million is what these defendants are being accused of. and the bank did it not because they admit to wrongdoing, but because they did say that was just going to be a very long and drawn out case that they didn't want to have to deal with. on so now these defendants, 19 plus profumo. he says there was no wrongdoing and he's waiting with confidence that the justice system takes its course. note just in a few days, he is expected to take on more responsibilities at his new job which is chairman at italy's oldest and most troubled bank. he will expand his duties so he's being closely watched right now. back to you. >> all right. that's the late he is out of the trial in milan. we'll take a short break. still to come, american golfers feeling a little blue after the european stage an amazing comeback in the ryder cup. we'll have more details and we'll be in chicago. we'll have more deta
this is again manipulating somehow the laws. now the bank unicredit has actually plea bargained and has paid 265 million euros. the fraud was for 245 million is what these defendants are being accused of. and the bank did it not because they admit to wrongdoing, but because they did say that was just going to be a very long and drawn out case that they didn't want to have to deal with. on so now these defendants, 19 plus profumo. he says there was no wrongdoing and he's waiting with confidence...
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Oct 2, 2012
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then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley pu
then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy,...
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Oct 2, 2012
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people want to believe in the rule of law for business. there was a great hope in many of the same 200 business people would say something and he didn't. and people want to hear something that there are changes of a foot. >> which brings us back to that point and whether we'll get anything more this afternoon. >> well, jim is absolutely right. trading at almost 50% it is count to a country like brazil. there is substantial it is count that is the intrinic rush of russia. one of the steps that the government is taking is to really be more open, more transparent. this event with direct access to the heads of the government and there are also several key ministers joining us. it's a way to try to convince capital that of course there are some concerns, but there is also great opportunity for business in russia. conditions and valuations are extremely attractive compared to other bric countries. >> ricardo, thanks for that. jim, thank you, as well. >> thanks for having me on. >> jim o'neill. as far as european stocks are concerned, after good
people want to believe in the rule of law for business. there was a great hope in many of the same 200 business people would say something and he didn't. and people want to hear something that there are changes of a foot. >> which brings us back to that point and whether we'll get anything more this afternoon. >> well, jim is absolutely right. trading at almost 50% it is count to a country like brazil. there is substantial it is count that is the intrinic rush of russia. one of the...
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Oct 8, 2012
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computer systems should not include any components made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only tell you from firsthand experience, so many ceos of fortunate 500 companies who would not come on the program that we did a number of months ago because they fear for their business in china have admitted to me face to face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it'
computer systems should not include any components made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only...
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Oct 5, 2012
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>> the law is the law. the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i could, to the employment report of this morning, senator. i don't know whether you were able to hear the previous conversation -- >> yes. >> -- but jack welch tweeted out this morning that he basically doesn't believe these numbers, the 7.8% unemployment rate and he alleged that those numbers were manipulated by the administration. we just had a republican congressman on who believes the same thing. what's your opinion? what do you make of this number, and given what you see in your own backyard, does it ring true? >> well, i think that it's pretty significant that for the first time in nearly four years
>> the law is the law. the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i...
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Oct 5, 2012
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some republicans say the white house is bending labor laws for votes. senator john mccain is with us live. we'll talk about that and more with the last time presidential candidate on the gop side and the age old debate wall street bankers are they overpaid and are more cuts ahead. we got that and more top of the hour, jobs. >> sounds great. not often a finance minister is laughed at when tlifrg a speech but that's exactly what happened to spain's finance minister when he told a crowd in london that his country doesn't need a bailout. he was speaking to students at london school of economics and they chuckled at that. nevertheless the euro moving above 1.35 versus u.s. dollar. boris, good to see you. what do you make of the situation with the euro, with merkel going to greece next week, walking in to the lion's den. messy day. >> yes. but i think ultimately what you have to take away from this week is when draghi came out and said don't mess with me. basically there's a coalescing of ideas in the eurozone now around the ont and esm where most of the euro
some republicans say the white house is bending labor laws for votes. senator john mccain is with us live. we'll talk about that and more with the last time presidential candidate on the gop side and the age old debate wall street bankers are they overpaid and are more cuts ahead. we got that and more top of the hour, jobs. >> sounds great. not often a finance minister is laughed at when tlifrg a speech but that's exactly what happened to spain's finance minister when he told a crowd in...
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Oct 2, 2012
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the reality is, it isn't new laws. it's using the executive branch to legislate by fear or by threat. you don't need a law. in effect the epa is doing stuff all over the place. the nlra is doing stuff that's not sanctioned by any law. it's a political decision and it's extraordinarily negative to our country and our economy. >> "the journal" did you read the lead editorial today how razor thin the obama care vote really was. we know scott brown they had to do reconciliation after he won. gym webb fairly won, al franken sort of harvested the boats to beat norm coleman. those made a difference. evan bayh and jim weber saying we wish we hadn't taken 20% of the economy with no republican votes and legislated the most unpopular bill in history that's still unpopular and really poisoned the whole political atmosphere, at the same time you weren't trying to add jobs. it was almost an impediment to adding jobs. >> using reconciliation process on prapts the most important piece of legislation in the last 20 years, it is basical
the reality is, it isn't new laws. it's using the executive branch to legislate by fear or by threat. you don't need a law. in effect the epa is doing stuff all over the place. the nlra is doing stuff that's not sanctioned by any law. it's a political decision and it's extraordinarily negative to our country and our economy. >> "the journal" did you read the lead editorial today how razor thin the obama care vote really was. we know scott brown they had to do reconciliation...
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Oct 4, 2012
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and a protest has ended in the vatican where he had been demonstrating against eu laws. he stood on one of the window lenls for more than 24 hours. he was complaining against an eu directive which would reform rules to licenses. operators have said the new rules threaten the jobs of some 600,000 resort workers. still to come, we talk shopping ahead of september retail sales data with a guest who says thrift may be the new bling. >>> european markets are trading town. we did see the green at the start of the show, but no longer the ftse down. same for the dax and cac. ibex held unreasonably well but also trading lower now. in the state, futures indicating a positive start to trade. just a few points higher for the s&p and nasdaq, the dow could open up by 30 points or so when trade gets under way there. on the agenda today in the u.s., weekly jobless claims out at 8:30 eastern, forecast to rise by 10,000. 10:00 a.m. brings august factor orders. expected to drop by 6%. at 2:00 the minutes from last month's fed meeting will be released. james bullard is in memphis, tennessee
and a protest has ended in the vatican where he had been demonstrating against eu laws. he stood on one of the window lenls for more than 24 hours. he was complaining against an eu directive which would reform rules to licenses. operators have said the new rules threaten the jobs of some 600,000 resort workers. still to come, we talk shopping ahead of september retail sales data with a guest who says thrift may be the new bling. >>> european markets are trading town. we did see the...
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. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were posing the question that the greece certain lives the story of the day today with the protests, with ms. merkel going to greece, but spain really is what we need to be focused more on. do you agree with that? >> much bigger, much bigger in size. greece, in the end, is the bigger pictures that we see on television, but when it comes to the actual amount of money, the european union could actually handle that cost. spain is much, much bigger. >> thank you, michelle. simon, over to you. >> also watching, as you will be aware, sue, apple, very closely today. shares officially in correction territory, down 10% from the record high we
. >> will be law andered? >> it will be laundered money, exactly. >> simon, what do you think? >> or extend the maturities that is the other possibilities. >> i have heard that this -- they begged for that absolutely right, keep asking and the ecb keeps saying no. >> most people think in the end, the way it is going to happen is through the laundered system through the back door, through the central banks. >> what about spain, michelle some people were...
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Oct 4, 2012
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but that's already the law. and that doesn't help the millions of people out there with pre-existing conditions. there's a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care. it was the largest expansion of private insurance. but what it does say is that insurers, you have to take everybody. now, that also means that you've got more customers. but when governor romney says that he'll replace it with something but can't detail how it will be, in fact, replaced and the reason he set up the system he did in massachusetts is because there isn't a better way of dealing with pre-existing conditions. it just reminds me of, you know, he says he's going to close deductions and loopholes for his tax plan. that's how it's going to be paid for. we don't know the details. he says that he's going to replace dodd/frank, wall street reform. we don't know exactly which ones. he won't tell us. he now says he's going to replace obama care and assure us all the go
but that's already the law. and that doesn't help the millions of people out there with pre-existing conditions. there's a reason why governor romney set up the plan that he did in massachusetts. it wasn't a government takeover of health care. it was the largest expansion of private insurance. but what it does say is that insurers, you have to take everybody. now, that also means that you've got more customers. but when governor romney says that he'll replace it with something but can't detail...
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Oct 8, 2012
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laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying -- >> 54-45. >> comfortable election victory that could extend his rule to 20 years. the next election isn't officially for six years but you had tens of thousands of ecstatic supporters flooding the streets around the presidential palace in downtown caracas, pumped their fists in the air and started shouting chavez's name. enrique capriles, he was beat by more than nine points. it will extend a wave of nationalizations and continue his support for left wing allies. we've heard how important this is for cuba, he has billions at his fingertips because of the oil produced there. this is the country
laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying --...
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Oct 5, 2012
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>> there's a national law whatever. >> that is stupid. you're right. >> that other hotel owners have to allow a new hotel to be built. they're old and they've been there for years. you can't build a hotel there unless you kiss a lot of feet and do a lot of whatever. >> that is wrong. >> john is our guest host today. we'll have more insights from him as we continue, john taylor. >>> joe has stocks to watch ahead of this, the open on wall street and september jobs report. "squawk" will be back after this. >>> do you like "squawk box"? do you like facebook? well, you'll love "squawk box" on facebook. next week, we launch our official facebook page, "like" the show page and get updates, interviews, pictures and more. "squawk box" on facebook, kicks off monday. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scot
>> there's a national law whatever. >> that is stupid. you're right. >> that other hotel owners have to allow a new hotel to be built. they're old and they've been there for years. you can't build a hotel there unless you kiss a lot of feet and do a lot of whatever. >> that is wrong. >> john is our guest host today. we'll have more insights from him as we continue, john taylor. >>> joe has stocks to watch ahead of this, the open on wall street and...
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Oct 9, 2012
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tell me why you surrendered your law license in illinois and why did your wife surrender her license in illinois. let us know why. you're running for the presidency. you don't have a private life anymore. it's gone. you made that decision when you said i'm running for president. what i'm saying is, we know one thing about mitt romney. he's got 25 years of solid business experience, most of which has been very successful. and he's a decent man. by the way i'll say it again. i'm going to feel very good when this man is president in january because he's going to make, i believe he'll bite the bullet, nigel. i really believe this guy -- >> nigel, you were there for gordon brown. what was that like for you? >> well, he was a man, it was awful really, not only -- >> scars. >> i want this guy on the show every time. >> not only did he sell 400 metric tons of gold at an average price of $258 an ounce, we can all make bad calls. what he did he announced to the markets the 17 days on which he was going to sell the gold and the quantities. i mean, we just had a moron in charge. it was disastrou
tell me why you surrendered your law license in illinois and why did your wife surrender her license in illinois. let us know why. you're running for the presidency. you don't have a private life anymore. it's gone. you made that decision when you said i'm running for president. what i'm saying is, we know one thing about mitt romney. he's got 25 years of solid business experience, most of which has been very successful. and he's a decent man. by the way i'll say it again. i'm going to feel...
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. >> is there a china law in this country? a china lobby saying stay away from them because we need them so badly? >> i don't know. >> a lot of companies need to sell to china. the last thing they want to do, i don't think they want to hear about a trade war, given they own so many kentucky fried chickens in china. >> there's a trillion dollars in treasury bonds pretty strong lobbying. >> that's true. that's true. >> i think you're right. the main thing about china is it is more complicated that it seems. >> finally, a couple interesting notes on banks, david, the makenzie report saying the business model will provide sustainable profits and there's a poll of bankser who believe their numbers will get better, not worse. >> optimism never dies when it comes to people's pay. you look around them to see everything falling down but i was a star. i served to get paid well. we talked a lot about it. i think when you talk to the executives who run many of the global institutions, it is coming down in a true way. it's a seminole chang
. >> is there a china law in this country? a china lobby saying stay away from them because we need them so badly? >> i don't know. >> a lot of companies need to sell to china. the last thing they want to do, i don't think they want to hear about a trade war, given they own so many kentucky fried chickens in china. >> there's a trillion dollars in treasury bonds pretty strong lobbying. >> that's true. that's true. >> i think you're right. the main thing about...